Equities research analysts forecast that 2U Inc (NASDAQ:TWOU) will report sales of $106.47 million for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for 2U’s earnings, with the highest sales estimate coming in at $107.00 million and the lowest estimate coming in at $106.12 million. 2U reported sales of $70.25 million during the same quarter last year, which would suggest a positive year over year growth rate of 51.6%. The business is scheduled to report its next quarterly earnings results on Tuesday, November 6th.
According to Zacks, analysts expect that 2U will report full year sales of $411.17 million for the current financial year, with estimates ranging from $410.69 million to $411.82 million. For the next year, analysts forecast that the firm will report sales of $548.97 million, with estimates ranging from $547.10 million to $555.63 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover 2U.
2U (NASDAQ:TWOU) last released its quarterly earnings data on Thursday, August 2nd. The software maker reported ($0.19) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.40) by $0.21. 2U had a negative return on equity of 9.91% and a negative net margin of 13.69%. The company had revenue of $97.40 million during the quarter, compared to the consensus estimate of $95.84 million. During the same quarter in the prior year, the firm posted ($0.11) earnings per share. The firm’s revenue was up 49.8% compared to the same quarter last year.
2U stock opened at $70.11 on Tuesday. 2U has a 1 year low of $57.84 and a 1 year high of $98.58. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.71 and a quick ratio of 5.71. The company has a market capitalization of $4.32 billion and a PE ratio of -129.83.
In other 2U news, COO Mark Chernis sold 10,000 shares of the stock in a transaction that occurred on Wednesday, September 12th. The shares were sold at an average price of $84.04, for a total transaction of $840,400.00. Following the completion of the sale, the chief operating officer now owns 43,602 shares of the company’s stock, valued at approximately $3,664,312.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Christopher J. Paucek sold 75,000 shares of the stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $84.42, for a total transaction of $6,331,500.00. Following the sale, the chief executive officer now directly owns 605,191 shares of the company’s stock, valued at approximately $51,090,224.22. The disclosure for this sale can be found here. Corporate insiders own 5.00% of the company’s stock.
Large investors have recently added to or reduced their stakes in the business. Cerebellum GP LLC acquired a new stake in 2U during the 2nd quarter valued at approximately $135,000. AMP Capital Investors Ltd acquired a new stake in 2U during the 2nd quarter valued at approximately $248,000. Bayesian Capital Management LP acquired a new stake in 2U during the 1st quarter valued at approximately $253,000. Independent Advisor Alliance acquired a new stake in 2U during the 2nd quarter valued at approximately $255,000. Finally, HM Payson & Co. acquired a new stake in 2U during the 2nd quarter valued at approximately $260,000.
2U, Inc operates as an education technology company in the United States, Hong Kong, South Africa, and the United Kingdom. The company operates through two segments, Graduate Program Segment and Short Course Segment. It offers front-end technology and services, including online learning platform, student and faculty and immersion support, accessibility, admissions application advising, in-program student field placements, and faculty recruiting.
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